Canadian Banks like TD and Royal Bank look like they are in a precarious place as Canada heads into a recession if not a depression as the economy is imploding. We are in trouble. In this video, I talk to you about private sector debt during the GFC and household sector debt sky-high. We also talk about CMHC-insured mortgages and HELOCs.
We also talk about how the Trudeau government used the Bank of Canada to keep rates low after they got into office. They used the Bank of Canada to deficit spend and the unintended consequence was the debt bubble raged on.
You won’t hear any news like this on any of the mainstream media organizations like City News, CTV News, CBC News, and Global News.
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Sources
https://seekingalpha.com/article/4561048-td-and-royal-bank-canadas-about-to-implode-sequel
https://tradingeconomics.com/canada/private-debt-to-gdp
https://tradingeconomics.com/united-states/private-debt-to-gdp
https://tradingeconomics.com/canada/loans-to-private-sector
#Recession #Banks #Canada
0:00 – Canada’s About To Implode
1:00 – Dominoes Stacking Up
2:22 – Private Debt Has Skyrocketed
3:30 – GFC And Private Debt
4:17 – Year End
5:00 – Private Debt Compared With the US In 2008
6:00 – Bank Of Canada And Justin Trudeau
7:00 – The Mania And The Top
8:00 – Manipulation And Corruption
9:25 – 2021 “It Only Goes Up”
10:00 – HELOC Usage
11:20 – People In Other Countries Are Like WTF
12:30 – CMHC Scrap It
13:08 – Something Shady Going On In Banks
14:30 – Uninsured Mortgages in 2021
15:45 – Corporate Loan Portfolio Risks
17:10 – Loans To Private Sector Keeps Rising
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